Healthcheck v1 — Indicator by Wilson-IV

volatility trendanalysis movingaverage health

This indicator shows us if the coin is closing more above (green) or under (red) the EMA 200.
The more the price close above the EMA the healthier the currency (other market) is and the more i am likely to invest in.

HOW TO USE:
Set the desired EMA and HMA length.

Markets:
It can be used to all markets.

Release Notes:

Added a line to indicate if the trend is going up or down.

Red line: trend is going downward
Green line: trend is going upward

Release Notes:

Now it usess the Boilinger Band mainband instead of the EMA 200.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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